Tuesday Turnaround: Tech Rally, Carnival and Buffett

There's been a mix of news throughout Tuesday, June 5, so let's break some down.

Rest in peace, Kate Spade. The designer was found dead in her apartment on Tuesday morning.

Tesla Inc. (TSLA) is prepping for its annual shareholders meeting, which will take place at 2:30 PM P.T. Seems like Tesla shareholders have a lot to think about. I'll be following along on TheStreet's Twitter just so I can play Tesla bingo. Not sure what I'm talking about? Here's the scorecard.

Looks like the cruise line is hurting thanks to high oil prices, the hurricane season and a weakness in the U.S. dollar; they are a few of the things that are causing the stock to suffer.

TheStreet's Kinsey Grant takes on the stock and breaks down Carnival's woes.

"Shares of the cruise line slumped more than 4% in Tuesday trading after analysts at Morgan Stanley issued a downbeat note suggesting concern about a fourth-quarter slowdown in the cruising industry. Analysts cited hurricane season threats, higher fuel costs and a risk of overcapacity in slashing their earnings forecast for Carnival by 6% for 2018 and 11% for 2019."

When is Brian Sozzi, TheStreet's executive editor, not mentioned in a wrap-up?

But, hey, that's a good thing.

This time Sozzi brings Whitney Tilson, a former hedge fund manager, in to talk all things Warren Buffet.

We all know everyone is obsessed with Apple Inc. (AAPL) , so Tilson broke down the billionaire oracle's high stakes hold in Apple. Berkshire Hathaway (BRK.A) (BRK.B) upped its stake in Apple to 23% to 165.3 million shares. Wow.

"He clearly views it as a long-term hold, and it will certainly compound over $1 trillion in the not too distant future—and then double again in the next five years," says former hedge fund manager and Buffett expert Whitney Tilson. "I don't think it's a bad bet, as a Berkshire shareholder I am happy he owns Apple."

There's no doubting that Buffett is a stock genius, and it seems like Apple's a pretty safe bet, but, wow, $2 trillion is a lot.

Here Are 5 Stocks Leading the Tech Rally Tuesday

TheStreet's Tony Owusu takes on tech.

The Nasdaq was happily chugging along, in part thanks to the tech giants on Tuesday.

On Monday, May 4, the Nasdaq had a record-setting close.

I'm not going to tell you which stocks were boosting the Nasdaq, but I'll give you some hints. Think gaming giants, online retailers, and tech mammoths—oh my!